Derwent London Plc (LON:DLN) Given Consensus Rating of “Hold” by Brokerages

Derwent London Plc (LON:DLN – Get Rating) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 3,017.67 ($36.82).

DLN has been the topic of a number of recent analyst reports. Berenberg Bank decreased their price objective on shares of Derwent London from GBX 2,800 ($34.17) to GBX 2,450 ($29.90) and set a “hold” rating on the stock in a research note on Tuesday, December 20th. Barclays reissued an “overweight” rating and issued a GBX 2,500 ($30.51) price objective on shares of Derwent London in a research note on Friday, November 4th.

Derwent London Stock Performance

Shares of LON:DLN opened at GBX 2,564 ($31.29) on Friday. The company’s 50 day simple moving average is GBX 2,411.25 and its 200 day simple moving average is GBX 2,411.52. The stock has a market capitalization of £2.88 billion and a price-to-earnings ratio of 1,077.31. The company has a debt-to-equity ratio of 30.84, a current ratio of 1.82 and a quick ratio of 0.38. Derwent London has a 1 year low of GBX 1,783 ($21.76) and a 1 year high of GBX 3,518 ($42.93).

Derwent London Company Profile

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Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.